#GSTCalculation Archives - Knowledge Base

How do I treat GST in final accounts?

GST in final accounts GST in final accounts, In the final accounts of a business, GST (Goods and Services Tax) is treat as follows: 1. Sales: The GST collected on sales is not consider as revenue, but rather a liability to be paid to the government. The total sales value should be record separately… Read More »

How do I calculate the amount of GST that is included in total receipts?

Calculate GST included in total receipts

User Intent Many business owners, accountants, and freelancers struggle to determine how much Goods and Services Tax (GST) is included in their total receipts. Understanding how to extract GST from the total amount is essential for financial accuracy, compliance, and tax reporting. This guide provides a step-by-step approach to calculating the GST portion in… Read More »